PO - 16 Russo Company was organized on January 1 . During the first year of operation Determine acquisition costs the following plant asset expenditures and receipts were recorded in random order of land and building Debit CLONE Accrued real estate taxes paid at time of purchase of real estate 900 2 . Real estate taxes on land paid for the current year 7500 3 . Full payment to building contractor 490.090 4 . Excavation costs for new building 19:090 5 . Cost of real estate purchased as a plant site (and $75 090 and Building $25 090 ) 20 0DO 6 . Cost of parking lots and driveways 8090 1. Architect's fees on building plan 9090 B . Installation cost of fences around property 6090 9 . Cost of demolishing building to make land suitable for construction of new building 27.000 $681 500 Credit 9 . Proceeds from salvage of demolished building 3 500 Instructions Analyze the foregoing transactions using the following column headings Insert the number The the of each transaction in the Item space , and insert the amounts in the appropriate column LITTLE Totals For amounts entered in the Other Accounts column . also indicate the account till unit title Land $128, 509 Buildings $518.090